As crude oil price breaches $100 mark, Systematix recommends RIL, a potential multibagger and 4 more stocks to buy
Analysis of this story by et_markets · 14 Mar 2026, 12:43 PM IST (about 2 months ago)
AI Analysis
Rising crude oil prices directly impact the profitability of upstream oil and gas companies and can affect refining margins. It also has broader implications for India's import bill and inflation.
Trading Insight
Focus on Indian upstream oil and gas exploration and production companies, and integrated players, with a bullish bias, while monitoring global geopolitical developments.
Quick check: RELIANCE neutral (-0.6% 1d), DEEPINDS neutral.
Key Evidence
- •Crude oil price has surged past $100 due to ongoing Middle East conflict.
- •Systematix Institutional Equities recommends buying Reliance Industries and Deep Industries.
- •The recommendation is based on strong upside potential driven by tightening global supply dynamics.
- •Risk flag: Sustained high crude prices could lead to government intervention or excise duty cuts, impacting OMCs.
- •Risk flag: Geopolitical tensions are highly unpredictable and can cause sudden price reversals.
Affected Stocks
Sources and updates
Original source: et_markets
Published: 14 Mar 2026, 12:43 PM IST
Last updated on Anadi News: 14 Mar 2026, 1:26 PM IST
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